Examples of General Unsecured Creditor in a sentence
If the undersigned does not deliver a valid Distribution Election Notice prior to the Distribution Election Deadline, or this Distribution Election Notice does not indicate a Distribution Election, or more than one Distribution Election is recorded, the undersigned will be deemed to have made the 75% Distribution Election and shall be required to attend at the Creditors’ Meeting of the General Unsecured Creditor Class to cast its vote on the CCAA Plan.
If a Disputed Secured Claim is finally determined to be a General Unsecured Creditor Claim (in whole or in part), such General Unsecured Creditor Claim shall constitute a General Unsecured Creditor Claim for the purposes of this Plan, shall be deemed to have made the 75% Distribution Election hereunder, and shall be paid the amount to which it would have been entitled under this Plan by Coalspur rather than by the Monitor out of the General Unsecured Creditor Cash Fund.
If a General Unsecured Creditor with an Accepted Claim, who is not a Convenience Class Creditor, does not deliver a Distribution Election Notice prior to the Distribution Election Deadline, such General Unsecured Creditor shall be deemed to have made a 75% Distribution Election.
If a General Unsecured Creditor transfers the whole of its Claim to more than one Person or part of such Claim to another Person after the Filing Date, such transfer shall not create a separate Voting Claim and such Claim shall continue to constitute and be dealt with for the purposes hereof as a single Voting Claim.
Subject to section 7.1(a)(iv), such process to determine the status of such Disputed General Unsecured Creditor Claim shall in no way delay or otherwise affect the implementation of the Plan.